ANNOUNCEMENT 01 Feb 2012
February 2012 - The Chinese government announced the minimum purchase price of rice would increase for the year.
NUMBER OF INTERVENTIONS
PRC National Development and Reform Commission, February 2012. (发改电17号)
In February 2012, China's National Development and Reform Commission announced the minimum state purchase price of rice would change thus:
Key - Type: price USD, CNY (change USD, CNY)
N.B.: All prices are per tonne.
The minimum state purchase price is the amount at which the government buys rice from farmers at the minimum price when the market price drops below that level.